Gold price maintains upward momentum from last week
The price of gold rose by Bt50 per baht weight in morning trade on Monday, the Gold Traders Association reported.
As of 9.24am, the buying price of a gold bar was Bt26,150 per baht weight and selling price Bt26,250, while gold ornaments were priced at Bt25,681.04 and Bt26,750, respectively.
At close on Saturday, the buying price of a gold bar was Bt26,100 per baht weight and selling price Bt26,200, while gold ornaments cost Bt25,635.56 and Bt26,700, respectively. The price had risen by Bt250 per baht weight last week.
Spot gold price on Monday was US$1,777 (Bt55,474) per ounce compared to Friday when it rose by $13.4 to $1,780.2 per ounce, due to fall in US bond yield, the dollar and bitcoin.
Hong Kong gold price rose by HK$140 to $16,520 (Bt66,367) per tael, the Chinese Gold and Silver Exchange Society reported.
